In those halcyon days before section 67, and the regulatory impositions of the disclosure regulations, did changes to pension schemes seem to go more smoothly?  Perhaps in those days of higher inflation a change to guarantee inflation-linked increases to pensions capped at, say, 5% seemed an improvement on fixed increases of, say, 3% per annum.  And such changes may have applied to all service, future and past, as it was better, so impacting on pensions in payment and deferred pensions.  But was everyone told about it?  With pension increase rules in the spotlight at the moment following the Government’s switch from RPI to CPI, it’s a good time to check.

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